71-year-old woman jailed for £100,000 fraud.
Friday 29th August 2014 @ 12:08 by Anna Fletcher
News

A 71-year-old woman has been jailed for nine months after defrauding  the company she worked for out of over £100,000.

Irene White, of Regent Drive, Mossley, had pleaded guilty to fraud by abuse of position at an earlier hearing and was jailed on Tuesday at Manchester Minshull Street Crown Court.

She had worked at Macpac Limited in Stockport since 1989 and had been promoted to the position of finance manager.

Her duties included pension contributions, producing monthly financial and nominal accounts
and purchase ledger administration.

But in fact she abused her
position to transfer company funds which should have been paid to suppliers into her own bank account, covering up those transactions, including manipulating computer records.

The fraud first came to light in October 2013, when a supplier noticed they had not been paid £4,000.

The fraud unraveled and White was suspended.

Further inquiries established a total of £62,470.58 had been transferred in 49 separate transactions to her personal bank account between October 2009
and her suspension, in December 2013.

The police were then called in.

White admitted writing cheques in the company name to herself as well as creating fraudulent invoices.

In total, she had taken £109,138.31

Police Constable Katherine Hingston said: “White had worked at the company for over 20 years and was in a position of trust.

“As she looked after the financial side of the company, she saw this as an ideal way to hoodwink her colleagues.

“Over time, her bosses had offered her pay rises but she refused these, claiming she would have to pay tax. However, she was found out and now has to pay with a jail sentence.”